Mortgage Broker in Tollesbury

Starting your property hunt in Tollesbury? Here’s what you’ll need:

• A 5% deposit, which can be sourced from your savings, equity, or a generous gift from a family member.
• A mortgage agreement in principle, which can be acquired from a Tollesbury mortgage advisor.

When you’re all set to apply for your first mortgage, you’ll need to have:

• An identification document like a passport or driving licence.
• A recent document that verifies your address.
• Proof of your income from the last three months.
• Bank statements from the past three months.
• Evidence of your deposit, which could be statements from your savings account.
• A credit report could also be useful.

You’ll be working alongside:

• A Tollesbury mortgage broker, who operates independently and is not tied to a bank or estate agent.
• An estate agent, who will need your ID and mortgage agreement.
• A conveyancer or solicitor, and we’re here to help you in finding one.
• A surveyor, if required, and we can also help in this aspect.

Our committed mortgage team will support you at every stage of the process. A personal case manager will be assigned to you to answer any queries you may have.

Should you presently hold a fixed-rate mortgage, most mortgage lenders allow you to transfer this to a new home.

Our team of mortgage advisors in Tollesbury is readily available to help you in this procedure, guiding you through your choices and helping you understand any costs involved with additional borrowing.

The act of porting usually requires that you meet the requirements established by your existing mortgage provider, hence a new application remains necessary.

If you’re not on a fixed rate, it could be beneficial to investigate the market for potential savings.

There’s no set upper limit for buy to let mortgages; some customers might have numerous, while others might only hold a few.

No matter if you buy properties on your own, jointly, or via a limited company, the number of mortgages you can own is generally unlimited, provided you meet your lender’s stipulations.

The quantity you opt for largely hinges on your risk tolerance and your long-term goals. These could encompass creating a pension income, replacing salary income, capitalising on property value growth, or building an asset for future generations in Tollesbury.

You’re free to consider remortgaging at any time, as long as you’re not tied into a fixed rate contract or if your property isn’t already mortgaged.

If you’re currently on a fixed rate mortgage, it’s wise to start thinking about remortgaging approximately 6 months before your current contract ends.

However, should you need to remortgage during a fixed rate period, it’s doable, but be mindful of potential charges for early repayment.

In such situations, our team of mortgage advisors in Tollesbury can explore other avenues such as a second charge mortgage (secured loan) or an extra advance from your current lender to find the most cost-effective solution for you.

Many homeowners and potential property buyers may not realise that a broad range of mortgage solutions are available for individuals aged 50 and above.

As an independent mortgage broker, we specialise in providing mortgage advice in Tollesbury, specifically designed to cater to the requirements of those seeking mortgages in their later years. Here are the key areas we can assist you with:

• Remortgaging for clients aged 50 and over.
• Property purchase for clients aged 50 and over.
• Capital release for clients aged 50 and over.
• Support with poor credit and debt consolidation for clients aged 50 and over.

If your circumstances don’t fit into the categories listed above, please don’t hesitate to get in touch with us. We’re here to provide support in any way possible.